Transferred-in costs, FIFO method (continuation of 17-33). Refer to the information in Problem 17-33. Suppose that Larsen
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Transferred-in costs, FIFO method (continuation of 17-33). Refer to the information in Problem 17-33. Suppose that Larsen Company uses the FIFO method instead of the weighted-average method in all of its departments. The only changes to Problem 17-33 under the FIFO method are that total transferred-in costs of beginning work in process on October 1 are $2,881,875 (instead of $2,932,500) and that total transferred-in costs added during October are $7,735,250 (instead of $7,717,500). Using the FIFO process-costing method, do Problem 17-33.
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Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0136126638
13th Edition
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
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